1) Double Trouble Company has a cash balance of $37,500 on April 1. The company is required to maintain a cash balance of $25,800. During April expected cash receipts are $182,100. Expected cash disbursements during the month total $210,700. During April the company will need to borrow: The Green Corporation collects 25% of a month's sales in the month of sale, 55% in the month following sale, and 20% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales Cash collections for the month of July are: $140,000 $140,000 $250,000 $230,000 Expected purchases for June and July are $82,000 and $94,000, respectively. Purchases for May were $56,000. All purchases are paid 25% in the month of purchase and 75% the following month. At what amount are June payments for purchases budgeted